Is Danske Bank UK or Recognise Bank better for your small business?
Below we look at both Danske Bank UK and Recognise Bank reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Danske Bank UK vs Recognise Bank Trustpilot Reviews
| Danske Bank UK | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 2 | 4.6 |
| Percent 5-Star Reviews | 12% | 77% |
| Percent 1- Star Reviews | 71% | 5% |
| Total Number of Reviews | 24 | 539 |
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/recognisebank.co.uk
Danske Bank UK vs Recognise Bank App Reviews
| Danske Bank UK | Recognise Bank | |
| iPhone Review Score (out of 5) | 4.4 | No Rating |
| Number of iPhone Reviews | 2,900 | No Reviews |
| Android Review Score (out of 5) | 4.4 | No Rating |
| Number of Android Reviews | 2,890 | No Reviews |
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://www.apple.com/uk/app-store/
Danske Bank UK vs Recognise Bank Account Fees & Charges
| Danske Bank UK | Recognise Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 24 Months | No Limit |
| Cheapest Monthly Account Fee | £7 | No |
| Most Expensive Monthly Account Fee | £48 | No |
| Electronic Payment Cost (in/out) | 45p | Free |
| Cash Payments Cost (in/out) | 90p / £1.40 per £100 | Free |
| Cheques (in/out) | 80p / 90p per item | Free |
| CHAPS Payments Cost | £20 | £15 |
| SEPA Payments Cost | No | 25p |
Danske Bank UK vs Recognise Bank Business Savings Rates
| Danske Bank UK | Recognise Bank | |
| Types of Business Savings Accounts | Business Investment Account, Fixed Term Deposit | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 1.65% | 3.15% |
| Maximum Savings Rate (AER) | 4.60% | 4.50% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Danske Bank UK vs Recognise Bank Account Opening Times
| Danske Bank UK | Recognise Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | Few minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Danske Bank UK vs Recognise Bank Features & Account Types
| Danske Bank UK | Recognise Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Nothern Ireland oly | None, online and phone only |
Danske Bank UK vs Recognise Bank Customer Support Options
| Danske Bank UK | Recognise Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Danske Bank UK vs Recognise Bank Foreign Currency Accounts
| Danske Bank UK | Recognise Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Danske Bank UK and Recognise Bank
| Danske Bank UK | Recognise Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Danske Bank UK vs Recognise Bank Banking Basics
| Danske Bank UK | Recognise Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122261 | 849404 |
| Website | Danske Bank UK Website | Recognise Bank Website |
Common Comparison Questions
Does Danske Bank UK or Recognise Bank have better customer reviews?
Danske Bank UK scores 2 out of 5 based 24 Trustpilot reviews. Of these reviews 12% are 5-star and 71% are 1-star.
Whereas, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Danske Bank UK or Recognise Bank have a better App?
Danske Bank UK’s iPhone App is rated 4.4 out of 5 based on 2,900 reviews. And it’s Android App is rated 4.4 out of 5 based on 2,890 reviews.
In comparison, Recognise Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Danske Bank UK or Recognise Bank have better business savings rates?
Danske Bank UK offers the following types of business savings accounts: Business Investment Account, Fixed Term Deposit with interest rates ranging from 1.65% to 4.60%. (AER)
In contrast, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.